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PRECIOUS-Gold pares gains as Turkish currency crisis roils markets

Reuters
PRECIOUS-Gold pares gains as Turkish currency crisis roils markets

* Turkish lira plunges, U.S. dollar hits 13-month high * Lira crisis spurs safe-haven demand for gold * GRAPHIC-2018 asset returns: tmsnrt.rs/2jvdmXl (Recasts; updates prices, headline; adds comment, byline, changes dateline to CHICAGO, previous LONDON) By Renita D. Young and Peter Hobson CHICAGO/LONDON, Aug 10 (Reuters) - Gold prices gave up earlier gains on Friday, with the crisis engulfing Turkey’s lira boosting demand for bullion as a safe investment while at the same time bolstering the U.S. dollar, making gold more expensive for buyers with other currencies. Investors rushed to the safety of the greenback as the lira collapsed as much as 23 percent to a record low, Russia’s rouble crumbled